By Kiku Steinfeld
Chicago, June 1 – Citigroup Global Markets Holdings Inc. priced $3.85 million of 0% barrier securities due June 3, 2026 linked to the Invesco QQQ Trust, series 1, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final share price is greater than or equal to the initial share price, the payout at maturity will be par plus 1.12 times the ETF return.
If the final share price is less than the initial share price but greater than or equal to the 75% barrier price, the payout will be par.
If the final share price is less than the barrier price, investors will be fully exposed to the decline of the index.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying ETF: | Invesco QQQ Trust, series 1
|
| Amount: | $3,850,000
|
| Maturity: | June 3, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than or equal to initial share price, par plus 1.12 times ETF return; if final share price is less than initial share price but greater than or equal to barrier price, par; if final share price is less than barrier price, full exposure to decline
|
| Initial share price: | $229.66
|
| Barrier price: | $172.245; 75% of initial share price
|
| Pricing date: | May 27
|
| Settlement date: | June 3
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.25%
|
| Cusip: | 17328VJJ0
|
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